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Nonprofit · EIN 56-1912601

SWANSBORO ROTARY FOUNDATION

Tax-exempt · SWANSBORO, NC 28584

Financials

$119K$85K2022$466K$91K2023$104K$90K2024
Revenue Expenses · by fiscal year end
Financials of SWANSBORO ROTARY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$103,737$90,046$13,691$1,467,212$426,097$1,041,115
June 30, 2024990$465,793$90,530$375,263$1,461,626$434,202$1,027,424
June 30, 2023990$118,579$85,110$33,469$652,161$0$652,161
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$97,222
Program service revenue
$0
Investment income
$109
Net rental income
$41,365
Net income from fundraising events
-$34,959
Other revenue
$6,406

Expenses

Grants and similar amounts paid
$31,500
Other salaries and wages
$11,096
Salaries, compensation and benefits (total)
$11,931
Professional fundraising fees
$0
Accounting fees
$7,010
Depreciation
$14,240
Program services (functional)
$31,500
Management and general (functional)
$58,546

Balance sheet and other

Total assets, start of year
$1,461,626
Total assets, end of year
$1,467,212
Total liabilities, end of year
$426,097
Net assets, end of year
$1,041,115
Land, buildings and equipment
$1,197,251
Net assets without donor restrictions
$993,115
Net assets with donor restrictions
$48,000
Gross receipts
$218,778
Employees
0
Year formed
1995
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
KEN BANKSTREASURER
Officer
2$0
ROBIN COMERVICE PRESIDENT
Officer
4$0
CHIP SANDERSSECRETARY
Officer
2$0
JOHN HISLOPPRESIDENT
Officer
5$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
ROBIN COMERVICE PRESIDENT
Officer
4$0
CHIP SANDERSSECRETARY
Officer
2$0
KEN BANKSTREASURER
Officer
2$0
JOHN HISLOPPRESIDENT
Officer
5$0
990 for the year ended June 30, 2023: 3 people
NameTitleHours / weekCompensation
ROBIN COMERVPSECRETARY
Officer
4$0
JOHN HISLOPPRESIDENT
Officer
5$0
KEN BANKSTREASURER
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 1815, SWANSBORO, NC 28584-1815
In care of
% KEN BANKS
Signed the 990
KEN BANKS, TREASURER
Phone
(910) 326-6175
Return prepared by
PINNACLE TAX & ACCTG SERVICES INC

Mission

TO PROVIDE SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES
    Expenses $31,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-1912601
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,467,212
Income (IRS master file)
$218,778

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$103,737$90,046$1,467,212XML
990June 2024$465,793$90,530$1,461,626IRS
990June 2023$118,579$85,110$652,161XML
990June 2022$109,176$68,364$618,692IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1912601).

Questions about SWANSBORO ROTARY FOUNDATION

What is the EIN of SWANSBORO ROTARY FOUNDATION?
The employer identification number (EIN) of SWANSBORO ROTARY FOUNDATION is 56-1912601.
Is SWANSBORO ROTARY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to SWANSBORO ROTARY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SWANSBORO ROTARY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SWANSBORO ROTARY FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SWANSBORO ROTARY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of SWANSBORO ROTARY FOUNDATION?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does SWANSBORO ROTARY FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $103,737, expenses of $90,046 and total assets of $1,467,212 at year end.

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